NV Energy and BuildingIQ Partner to Launch Commercial Energy
Optimization Program for Large Commercial Customers

June 12, 2012 11:37 AM Eastern Daylight Time

SAN MATEO, Calif.--(BUSINESS WIRE)--BuildingIQ, a leading provider of energy efficiency and demand response
software, today announced an exclusive agreement with NV Energy to trial
a new energy efficiency program concept for commercial customers. As
part of its long standing Market and Technology trials program, NV
Energy will roll out the program concept to leading commercial customers
in Las Vegas. The program concept leverages at its core the BuildingIQ
technology platform to offer dynamically optimized HVAC operations in
pursuit of significant energy savings. NV Energy will also be working
with BuildingIQ to identify and deliver other significant opportunities
for energy savings and peak demand management.

NV Energy provides energy services to 2.4 million electric customers
throughout Nevada. Under this agreement, the partners will target 12.1
GWh of annualized energy savings using the BuildingIQ predictive
energy optimization application. The platform also has the capability to
serve as an automated demand response application via its DRIQ application,
which is compatible with the OpenADR standard. The trial will
allow NV Energy to investigate the potential of a single integrated
energy optimization platform, as one of the utility’s priorities is
identifying solutions for integrated energy efficiency and demand
response for future programs.

“NV Energy and BuildingIQ’s new solution for customer engagement and
energy management will introduce an integrated software platform for
energy efficiency and demand response,” said IDC Research’s Casey Talon.
“We expect this project to generate the kind of benefits on both sides
of the meter that will ensure customers see economic benefits and NV
Energy sees grid reliability improvements.”

"NV Energy has long been a leader in innovative energy programs and this
agreement is another example of their continuing commitment to deliver
impactful energy solutions to their customers," said Michael Zimmerman,
president and CEO, BuildingIQ. "Having partnered with NV Energy in
previous new technology demonstration programs, we are excited to be
part of this new initiative and Market Technology Demonstration
Program and to show the industry how our solutions can support utilities
in advancing the smart grid and customer relations.”

About BuildingIQ: BuildingIQ is a leading energy
management software company with a mission to redefine the way energy is
managed in commercial buildings. BuildingIQ’s unique, patent-pending
Predictive Energy Optimization technology is the foundation for reducing
energy cost and consumption through products which help building owners,
managers and occupants get more value out of their existing energy
systems. BuildingIQ leverages over 35 man-years of building controls,
modeling and comfort research carried out by world-leading experts at
CSIRO, Australia’s national labs, and BuildingIQ. The company has been
honored as Winner of the AIRAH Award for Excellence in Innovation,
Tech23’s Greatest Potential Award, ED+C and Sustainable Facility’s Readers’
Choice Award, Connectivity Week’s Buildy award and Red Herring’s Asia
100 Award.